Services Trade and Growth

The competitiveness of firms in open economies is increasingly determined by access to low-cost and high-quality producer services - telecommunications, transport and distribution services, financial intermediation, etc. This paper discusses the ro...

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Bibliographic Details
Main Authors:	Hoekman, Bernard, Mattoo, Aaditya
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCESS TO TELECOMMUNICATIONS ACCOUNTING AFFILIATES AGRICULTURE AIR AIR CARRIER AIRPORTS ANTI-COMPETITIVE PRACTICES BALANCE OF PAYMENTS BANK REGULATION BANKING SECTOR BANKS BARRIER BARRIERS TO ENTRY BASE YEAR BIDDING BUSINESS PRACTICES BUSINESS PROCESS OUTSOURCING BUSINESS PROCESSES BUSINESS SERVICES CAPITAL ACCOUNT CAPITAL ACCUMULATION CARRIERS CARTEL COLONIALISM COMMODITY COMMUNICATION COSTS COMMUNICATION SERVICES COMMUNICATION TECHNOLOGIES COMPARATIVE ADVANTAGE COMPETITION LAW COMPETITIVENESS CONFIDENTIALITY CONSUMERS CONTRACT ENFORCEMENT CORE BUSINESS CORE BUSINESSES COST STRUCTURE CROP INSURANCE DATA ENTRY DEPOSIT DEPOSITS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT ASSISTANCE DEVELOPMENT ECONOMICS DOMESTIC MARKET DOMESTIC TRAFFIC ECONOMETRICS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC IMPLICATIONS ECONOMIC INTEGRATION ECONOMIC PERFORMANCE ECONOMIC THEORY ELASTICITIES ELASTICITIES OF DEMAND EMPLOYMENT ENFORCEMENT OF CONTRACTS EXCHANGE RATE EXPORT GROWTH EXPORT MARKET EXPORTS FACTORS OF PRODUCTION FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTEGRATION FINANCIAL INTERMEDIARY FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL PRODUCT FINANCIAL SECTOR FINANCIAL SECTORS FINANCIAL SERVICES FINANCIAL SYSTEM FINANCIAL SYSTEMS FIRM PERFORMANCE FIXED COSTS FOREIGN BANKS FOREIGN CAPITAL FOREIGN COMPETITION FOREIGN DIRECT INVESTMENT FOREIGN ENTRY FOREIGN FIRMS FOREIGN OWNERSHIP FREE TRADE FREIGHT FREIGHT TRANSPORT GDP GDP PER CAPITA GINI COEFFICIENT GLOBAL MARKET GNP GROWTH MODELS GROWTH POTENTIAL GROWTH RATE GROWTH RATES GROWTH THEORY HEALTH SERVICES HUMAN CAPITAL HUMAN RESOURCE MANAGEMENT INCOME DISTRIBUTION INCOME GROUP INCOME GROUPS INCOME LEVELS INEFFICIENCY INFORMATION SERVICES INFORMATION TECHNOLOGY INFRASTRUCTURE DEVELOPMENT INNOVATIONS INSIDER LENDING INSURANCE INTANGIBLES INTEREST RATE INTERNATIONAL AIR TRANSPORT INTERNATIONAL COMPETITION INTERNATIONAL MARKETS INTERNATIONAL TRADE INVESTMENT BARRIERS INVESTMENT DECISIONS JURISDICTIONS KNOWLEDGE GENERATION LAND TRANSPORT LEARNING MACROECONOMICS MANUFACTURING INDUSTRIES MANUFACTURING INDUSTRY MARGINAL COST MARGINAL COSTS MARITIME TRANSPORT MARKET ACCESS MARKET FAILURE MARKET SHARE MARKET STRUCTURE MONOPOLIES MONOPOLISTIC COMPETITION MONOPOLY MONOPOLY RENTS NATIONAL INCOME NATURAL MONOPOLY OLIGOPOLY OPEN ECONOMIES OUTPUT OUTPUT PER CAPITA OUTSOURCING PER CAPITA INCOME PER CAPITA INCOMES POLICE POLITICAL ECONOMY POSITIVE EFFECTS POSITIVE EXTERNALITIES PRICE STABILITY PRIVATIZATION PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GROWTH PROGRAMS RAIL RAIL TRANSPORT RAPID GROWTH RATE OF GROWTH RATES FOR INTERCONNECTION REAL INCOME REFORM PROGRAM REFORM PROGRAMS REGRESSION ANALYSIS REGULATOR REGULATORS REGULATORY ENVIRONMENT REGULATORY REFORM REGULATORY REGIMES RESOURCE ALLOCATION REVERSE AUCTION ROADS ROUTE ROUTES SAFETY SAFETY OF TRANSPORT SATELLITES SAVINGS SCALE EFFECT SCALE EFFECTS SEWAGE SMALL COUNTRIES SMALL ENTERPRISES STRUCTURAL CHANGE SUNK COSTS TAX TECHNOLOGICAL CHANGES TECHNOLOGY TRANSFER TELECOMMUNICATIONS TELECOMMUNICATIONS POLICY TELECOMMUNICATIONS REFORM TELECOMMUNICATIONS SERVICES TELECOMS TELEPHONE ACCESS TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TRADE BARRIERS TRADE LIBERALIZATION TRADE POLICIES TRADE POLICY TRADE REFORMS TRADES TRANSACTION COSTS TRANSACTIONS COSTS TRANSITION ECONOMIES TRANSPORT TRANSPORT COSTS TRANSPORT SERVICES TRANSPORTATION TRAVEL INSURANCE TRUE TURNOVER UNIVERSAL ACCESS UNIVERSAL ACCESS FUNDS URBANIZATION VALUE ADDED WEALTH WORLD INVESTMENT REPORT WORLD TRADE WTO
Online Access:	http://documents.worldbank.org/curated/en/2008/01/8913914/services-trade-growth http://hdl.handle.net/10986/6460

Description
Summary:	The competitiveness of firms in open economies is increasingly determined by access to low-cost and high-quality producer services - telecommunications, transport and distribution services, financial intermediation, etc. This paper discusses the role of services in economic growth, focusing in particular on channels through which openness to trade in services may increase productivity at the level of the economy as a whole, industries and the firm. The authors explore what recent empirical work suggests could be done to enhance comparative advantage in the production and export of services and how to design policy reforms to open services markets to greater foreign participation in a way that ensures not just greater efficiency but also greater equity in terms of access to services.

Services Trade and Growth

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